Disposing of a timeshare in USA

RWinstone

Hi everyone,

Just wondering if anyone has had any success or can point me in the direction of disposing of a US (Las Vegas) timeshare - we're based in the UK. 

We've had the timeshare for around 20 years, and used it a lot to begin with. However due to cost of flights and general cost of living squeeze over the last few years we haven't used it. We still pay a maintenance fee every year. The timeshare company won't take the timeshare back, and we've even tried giving it away but can't seem to find anywhere reputable that won't charge us hundreds of dollars in fees to take it.

Any advice appreciated!

Many thanks.

TELLIT01

There is a US based website called the Timeshare User Group.  They have forums on there which may be able to point you in the right direction.  I used to be a member, and helper, on there but left after getting rid of my UK timeshare some years ago.  https://tug2.net/

WhiteBoardMarker

Hi, due to cross border jurastiction it is virtually impossible to enforce the payment of fees. As such, if you just stop paying there isn't much they can do. Ultimately the resort will foreclose on the timeshare and take it back for non payment. However, there are timeshare exit companies in the UK, that are also able to get you out of the contract. My own research suggests that there are at least two exit companies that do not charge any upfront fees. You just pay them once your timeshare has been relinquished. Hope this helps.

TELLIT01

I'm sure many timeshare owners would be interested to know who the companies are who don't charge upfront fees.

thegreenone

What reason have the timeshare co given for not taking it back?

We have timeshare and one in the UK we had to pay £2k to get out of, but our other one on a Spanish island, we just have to keep up the maintenance fees and so long as they are up to date we can give back at any time.

Grogan72

Has anyone used the American Timeshare User Group successfully?

We have two TS in the US, have had many excellent holidays but now need to relinquish as our children are most concerned they will have to continue payments, and they have never wanted anything to do with it.

Would definitely liked to be pointed in a UK direction for help.

I am not after any financial gain and still pay maintenance fees every year, I just want a way out legally. 

TELLIT01

Unless the Timeshare User Group has changed since I was a member, they aren't directly involved in resale or termination of timeshare contracts.  Their members may be able to offer advise on the best way to deal with specific timeshare companies.

If you do manage to find a company in the UK who will try to sell without high upfront costs I'm sure others will be interested to know who they are.

Dealing direct with the timeshare companies involved is generally the best starting point.

WhiteBoardMarker

Several USA resorts, such as Orange Lakes, have a deed-back option. It might be worth contacting your resort to see if they offer this option.

KalCee

Hi, my mum is in the same position as Rwinstone. My parents bought a timeshare back in 2002 with RCI. In 2023 my father passed away and we asked RCI to surrender the account, which they did and have confirmed it is closed with no monies owed. My mother has since received a letter from a debt recovery agent saying she owes $1332.04, we have contacted Grandview Resort Las Vegas who are the ones that have instructed this & they have come back & said they do not take them back & that we need to sell it or gift it. Anyone have any advice on what we should do? Many Thanks

thegreenone

RCI is a timeshare exchange co.  AFAIAA they dont sell timeshare.  I think what's happened is that you have cancelled your parents exchange account with them but it has nothing to do with Grandview and will not stop maintenance charges.

A timeshare owner can go to their home resort every year or sign up to RCI to do exchanges and travel elsewhere.   It's about £60 per year.  Can you find this payment in your parents bank statements?  We do this with ours.

Happy to be corrected.  Im sorry I can't help with Grandview not taking it back.  I hope you find a solution soon.

TELLIT01

thegreenone said:

RCI is a timeshare exchange co.  AFAIAA they dont sell timeshare.  I think what's happened is that you have cancelled your parents exchange account with them but it has nothing to do with Grandview and will not stop maintenance charges.

A timeshare owner can go to their home resort every year or sign up to RCI to do exchanges and travel elsewhere.   It's about £60 per year.  Can you find this payment in your parents bank statements?  We do this with ours.

Happy to be corrected.  Im sorry I can't help with Grandview not taking it back.  I hope you find a solution soon.

Sadly not correcting you, rather confirming everything you have stated.